Forex Brokers with Demo Accounts
- Written By thinkforexbrokers
- Updated:
Starting out in forex trading can be overwhelming—especially when it comes to selecting a reliable broker. To simplify your search, we’ve identified 13 top-rated forex brokers that are ideal for both beginners and seasoned traders. These platforms provide essential tools like demo accounts, educational content, and a diverse selection of trading instruments to support your growth and success in the forex market.
74-89 % of retails CFD accounts lose money
73.85 % of retails CFD accounts lose money
59.57 % of retails CFD accounts lose money
Trading leveraged product is risky
75.5 % of retails CFD accounts lose money
The vast majority of retail client accounts lose money
Comprehensive Comparison of the Top 10 Forex Brokers with Demo Accounts
Forex Broker | Demo account available? | Min Deposit | Trading Platforms | Regulators |
Yes | $50 (AU$100) | MetaTrader4, MetaTrader5, WebTrader, IRESS, cTrader, TradingView | ASIC, CySEC, FSA (Seychelles), FSCA, FSA (St. Vincent and the Grenadines), SCB (Bahamas) | |
Yes | $0 | MetaTrader4, MetaTrader5, cTrader, DupliTrade, Fusion+ Copy Trade, TradingView | ASIC, FSA (Seychelles), VFSC (Vanuatu) | |
Yes | $100 | MetaTrader4, MetaTrader5, WebTrader, AvaTade App, AvaSocial, AvaOptions, DupliTrade | FFAJ (License No.1574), CySEC (No. 347/17), ISA (No. 514666577), IIROC, ADGM / FSRA (No.190018), CBI (No.C53877), BVIFSC (No. SIBA/L/13/1049), FSCA(No.45984), ASIC (No.406684), JFSA (No. 1662) | |
Yes | $100 | Proprietary, desktop and mobile platforms | ||
Yes | $100 | MetaTrader 4, WebTrader, VPS, PMAM, TradeCopier, Mobile App | ||
Yes | $0 | MetaTrader4, L2 Dealer, ProRealTime, IG proprietary software, TradingView, | ASIC, FCA, DFSA, CFTC, FMA, FINMA, BaFin, MAS, JFSA, FSCA, BMA (Bermuda) | |
Yes | $0 | MetaTrader 4, MetaTrader 5, cTrader, TradingView | ASIC (No. 414530), UK FCA (No.684312), CySEC (No. 388/20), BaFin (No.151148), DFSA (F004356), CMA (128), SCB Bahamas (SIA-F217), FSA (SD108) | |
Yes | $100 | MT4, MT5, WebTrader, ZuluTrade, TradingView | CySEC (No. 278/15), FCA (733772), CONSOB (No.4310), BaFin (No.146511), ACPR (No.75473), CNVM (No.4082), FSA Seychelles (SD 008), FSCA (FSP 49464), DFSA (F007663) | |
Yes | $100 ($1 for Invest MT5 Account) | MetaTrader4, MetaTrader5, WebTrader, MT Supreme Edition, StereoTrader | CySEC (No. 201/13), ASIC (No. 410681), FCA (No. 595450), JSC (No. 57026), FSCA (No. FSP51311), EFSA (No. 4.1-1/46), CMA (No. 178), CIRO, FSA (No.SD073) | |
Yes | $50 or $100 based on country ($10 for the UK, $1 in the US) | eToro Investing, eToro App, TradingView, eToro CopyTrader, Proprietary | FCA, CySEC, ASIC, MFSA, FSRA, FSA, FINRA/FinCEN, AMF, SEC, GFSC |
Top 13 Brokers Offering Demo Accounts
1. Fusion Markets
Fusion Markets offers traders the opportunity to practice and refine their forex strategies through a free demo account. Users can choose between the Classic and ZERO account types and access popular trading platforms like MT4, MT5, cTrader, and TradingView. The ZERO account features raw spreads starting from 0.0 pips with a fixed commission of $4.50 per lot, while the Classic account includes the commission in the spread, with a typical markup of 0.9 pips. Demo accounts remain active for 30 days, and reactivation is available at no cost after a deposit is made into a live account. Traders can also top up their demo balance with unlimited virtual funds, making it a flexible tool for testing strategies in a risk-free environment.
Fusion Markets products are issued by Gleneagle Asset Management Limited (ABN 29 103 162 278), trading as Fusion Markets. Trading these products carries a high level of risk and may result in losses that exceed your initial deposit. These products may not be suitable for all investors. Before trading, you should carefully review the Financial Product Service Terms, Product Disclosure Statement (PDS), and Financial Services Guide, all available on our website. It’s important to consider your financial situation, investment objectives, and risk tolerance, and to seek independent financial advice where necessary.
2. FP Markets
FP Markets is a trusted and experienced retail forex broker, making it a solid choice for those beginning their trading journey. To support new traders, FP Markets offers a demo account with a virtual balance of $100,000, allowing users to practice in a risk-free environment. Real-time pricing and live charts are available through the MT4 platform, providing an authentic trading experience. Traders can choose between a Standard or Raw demo account and access their demo profile through MT4, MT5, cTrader, or TradingView, depending on their preferred trading platform.
CFDs are complex financial instruments and carry a high risk of rapid losses due to leverage. With this provider, 72.92% of retail investor accounts lose money when trading CFDs. You should carefully consider whether you fully understand how CFDs work and whether you can afford to take the high risk of losing your capital.
3. Pepperstone
Pepperstone offers traders top-tier trading conditions across a wide range of markets and instruments, delivering a seamless experience for all types of traders. For those not ready to trade with real money, Pepperstone provides a risk-free demo account—an ideal way to explore the MT4, MT5, and cTrader platforms. With real-time pricing and live market data, the demo environment allows you to practice trading, test strategies, and build confidence without financial risk. It’s a valuable tool for both beginners learning the ropes and experienced traders fine-tuning their approach.
CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 75.5% of retail investor accounts lose money when trading CFDs with this provider. You should carefully consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
4. BlackBull Markets
BlackBull Markets is a strong choice for beginners and traders looking to test strategies in a risk-free environment. The broker offers demo accounts compatible with MetaTrader 4, MetaTrader 5, and cTrader platforms. Opening a demo account is quick and easy—taking less than five minutes—and can be done using your email, Google, Apple, or Facebook account.
The demo environment supports various chart types, including line, candlestick, and bar charts. The Market Watch feature highlights popular instruments, with the option to customize the list to suit your preferences. Demo accounts are valid for 30 days, providing ample time to explore platform features and market dynamics.
When you’re ready to transition to live trading, you can choose between two account types: the ECN Standard account (no minimum deposit, spreads from 0.8 pips, and zero commission) or the ECN Prime account ($2,000 minimum deposit, spreads from 0.1 pips, and a $6 round-turn commission).
5. AvaTrade
Whether you’re learning how to trade or refining your strategies, AvaTrade’s demo account offers an excellent platform to support your forex trading journey. Traders can open unlimited demo accounts to explore the MT4, MT5, and AvaTrade’s proprietary WebTrader platforms. For those who prefer trading on the move, AvaTrade’s mobile app—compatible with iOS 14.0 and Android 7.0 or later—also supports demo accounts. Depending on your needs, you can choose between a standard or professional demo account, with the primary difference being the trade pricing structure.
CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should carefully consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
6. eToro
When you’re ready to enter the forex market, eToro provides excellent trading conditions for traders of all levels. To help you get started risk-free, eToro offers a demo account that lets you trade live markets in real time without using real money. This demo account grants instant access to eToro’s proprietary platform and its full range of features, making it easy for beginners to familiarize themselves with trading. Funded with $100,000 in virtual capital, the account gives you ample resources to practice and develop your skills. Experienced traders can also leverage the demo platform to test strategies before transitioning to their live accounts and placing real trades.
CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 61% of retail investor accounts lose money when trading CFDs with this provider. You should carefully consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
7. Plus500
Whether you’re new to trading or seeking a broker with optimal trading conditions, Plus500 is a reliable choice. This experienced retail broker provides access to a wide variety of markets, all through its user-friendly proprietary platform. To familiarize yourself with the platform’s features and test your forex strategies, you can open a demo account with ease—simply register using your email and create a password. Plus500 allows you to customize and reset your demo funds anytime, making it easy to practice and refine your trading techniques. Switching between demo and live accounts is seamless, giving you full flexibility to trade with confidence.
82% of retail investor accounts lose money when trading CFDs with this provider. You should carefully consider whether you can afford to take the high risk of losing your money.
8. Iron FX
Catering to traders of all experience levels, IronFX delivers a seamless trading experience. Whether you’re new to forex or an experienced trader looking to test strategies risk-free, IronFX offers a straightforward demo account setup. You can choose between Floating Spread and STP/ECN Absolute Zero demo account types. Additionally, when creating your demo account, you have the option to select your preferred maximum leverage, allowing you to simulate the exact trading conditions of a live account.
Risk Warning: CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 67.62% of retail investor accounts lose money when trading CFDs with this provider. You should carefully consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
9. IG
If you’re searching for a reliable broker to start your forex journey, IG is a trusted choice. As a veteran in the trading industry, IG provides a comprehensive range of tools tailored for beginners, including a demo account loaded with $20,000 in virtual funds for practice trades. While ideal for newcomers, IG’s demo account also serves experienced traders looking to test and refine their forex strategies in a risk-free environment.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
10. Tickmill
Tickmill, a leading retail broker, is designed to meet the needs of traders at all levels. If you’re just starting out in forex trading, Tickmill’s demo account offers a risk-free way to practice. You can trade over 180 CFD instruments without using real money, gaining valuable experience. The demo supports both MT4 and MT5 platforms, allowing you to familiarize yourself with their features and improve your trading skills. Please note, the demo account remains active for 28 days after creation, and each customer can open up to seven demo accounts.
CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with Tickmill Europe Ltd. You should carefully consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
11. Global Prime
Founded in 2010, Global Prime is an excellent choice for beginners and traders wanting to test new strategies in a risk-free setting. The broker offers a free demo account with unlimited virtual funds for practice. The demo includes a wide range of instruments such as currency pairs, commodities, and cryptocurrencies. When ready to trade live, clients can choose between the Standard account—with spreads starting from 0.9 pips—and the Raw account, which offers spreads as low as 0 pips.
Global Prime is a trading name of FMGP Trading Group Pty Ltd (ABN 74 146 086 017), regulated by ASIC and authorized to provide financial services in Australia under Australian Financial Services License No. 385620. Gleneagle Securities Pty Limited, trading as Global Prime FX, is a registered Vanuatu company (Company Number 40256) regulated by the Vanuatu Financial Services Commission (VFSC). The Global Prime website is owned and operated by FMGP Trading Group Pty Ltd (ABN 74 146 086 017).
12. Axi
Axi offers clients a free MT4 demo account funded with $50,000 in virtual currency to practice and develop their trading skills. The demo supports multiple base currencies, including AUD, EUR, PLN, USD, GBP, and CHF. While the initial demo account expires after 30 days, users who open a live account gain access to a permanent practice account for ongoing strategy testing. Axi’s market offerings include forex, shares, indices, and commodities, among others. Leverage can reach up to 1:400 in certain jurisdictions. Standard accounts feature spreads starting from 0.9 pips, while Pro accounts offer spreads from 0 pips. Axi is regulated by reputable authorities such as the DFSA and ASIC.
CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading CFDs. You should carefully consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
13. ActivTrades
ActivTrades is a beginner-friendly forex broker offering demo accounts alongside various live account options. New traders can practice risk-free in a demo environment that replicates real market conditions and includes advanced tools and indicators. This demo account is also ideal for experienced traders looking to test new strategies. One of the key benefits is that ActivTrades’ demo accounts remain active indefinitely and can be funded with virtual balances ranging from 250 to 200,000. When ready, traders can easily switch to live accounts, choosing between Individual, Professional, or swap-free accounts designed to comply with Islamic finance principles.
CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should carefully consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
What is a Demo Trading Account?
Most reputable forex brokers offer demo accounts to their registered clients, providing an invaluable tool before trading with real money. Demo accounts are especially helpful for beginners, allowing them to familiarize themselves with trading platforms, conduct market analysis, and learn to use various tools—all without risking any actual funds. This risk-free environment gives traders the opportunity to develop and hone their skills before committing real capital.
With demo accounts, you place orders using virtual funds, creating a realistic trading experience. Most trading platforms support demo accounts, enabling users to explore interfaces, unique features, available markets, and trading tools. Beyond helping newcomers, demo accounts are also ideal for experienced traders to test strategies and observe how different order types perform in live market conditions—without any financial risk.
How Do Demo Accounts Function?
You’ll find that any reputable broker offers the option to open a demo account before requiring you to fund a live trading account. Demo accounts come preloaded with a set amount of virtual money, allowing you to practice trading without risking real funds. This method is a modern take on the classic paper trading technique, where beginners manually tracked hypothetical trades—including entry and exit points—as if they were actively trading the forex markets.
While paper trading was once a valuable practice tool, demo accounts provide a more interactive and realistic experience. Regardless of whether you win or lose on a demo account, no real money is at stake. To get the most benefit, beginners should treat demo trading seriously by applying the same strategies and risk management they would use in a live account. This means carefully evaluating risks and placing trades you’d be comfortable making with your own capital.
Can Investors Learn from Using Demo Accounts?
Demo accounts are especially valuable for beginners, offering a risk-free way to learn trading without using real money. Because demo accounts mimic real market conditions, new traders can see how their orders would perform just as if they were trading live.
Beyond learning, demo accounts are perfect for testing and developing trading strategies. While it’s best to maintain the same risk levels you’d use with real funds, demo accounts give you the freedom to experiment with different approaches. This allows you to discover which methods work best for you—without the fear of losing money when a strategy doesn’t succeed.
Traders can also test Expert Advisors (EAs) by installing and running these automated trading robots on their demo accounts. This lets you evaluate the effectiveness of EAs in real market conditions, all without risking your own capital.
Since brokers often support multiple trading platforms, getting comfortable with each one can take time. Using a demo account helps you explore the unique features of each platform, enabling you to leverage tools that make your trading faster, smoother, and better informed.
Types of Trading Demo Accounts
Demo trading accounts are not only helpful for beginners but also serve as valuable tools for traders looking to transition to different types of forex trading. Many brokers offer a variety of account types, and they typically provide demo versions for each, allowing traders to experience different trading conditions risk-free.
Standard accounts are designed primarily for retail traders, often requiring no minimum deposit and providing access to a wide range of instruments. These accounts usually have no commissions, with low fees incorporated into the spread. Demo accounts accurately replicate these conditions, giving traders the opportunity to practice the trades they’re likely to make when moving to a live standard account.
However, standard accounts often come with limits on leverage and trade sizes. For traders looking to operate at higher volumes or with tighter spreads, upgrading to professional or zero-spread accounts might be preferable. To qualify, investors usually need to meet certain financial criteria. Many brokers offer demo versions of these advanced accounts, featuring lower spreads that can start at 0 pips. This allows traders to familiarize themselves with the different trading styles and conditions before committing real money to higher-risk, higher-volume trades.
Using Bots with Demo Trading Accounts
Many traders use forex bots on demo accounts to help make more informed trading decisions—especially useful for those new to the forex market. These automated tools generate trading signals that you can test risk-free with virtual funds. If the trades based on the bot’s recommendations prove successful in your demo account, you might consider relying on the software when trading live.
Forex brokers generate trading suggestions by analyzing precise market indicators, trends, and data. However, the final choice always rests with you—whether to trust the bot’s signals or execute trades you believe are more appropriate.
While not exactly a demo account feature, backtesting is another valuable tool offered by some trading platforms. This lets you test strategies by running bots against historical market data. The bots simulate trades using virtual money, enabling you to evaluate the effectiveness of your strategy before applying it in live markets.
Which Demo Account Types are Best for Inexperienced Traders?
As mentioned earlier, brokers often provide different types of demo accounts tailored to suit various trader preferences. If you’re new to trading, you might be unsure which account type is best to start with. Your choice will depend on your trading experience and goals.
For beginners or casual traders, an STP (Straight Through Processing) demo account is usually a good fit. This type of account charges only the spread, making it simpler and more straightforward. On the other hand, professional or zero accounts offer tighter spreads but typically come with higher commissions, which is something to consider.
Since most brokers offer a variety of demo accounts, we recommend trying them all if possible. Testing different account types will help you discover which trading style best aligns with your budget, risk tolerance, and overall trading objectives.
